Flax is one of the rare crops where prices held steady this month, as it’s relatively unaffected by the tariff craziness shaking up the larger markets.
In July, flax prices delivered to Saskatchewan elevators were sitting at an average of $12.30 CAD per bushel, a decrease of 0.1% month-over-month.
For our GrainCents readers, we’re watching a variety of factors that might affect flax prices: 3 are bearish, 1 is bullish, and 1 is noise.
(If you’re not familiar with what “noise” is, then we recommend you check out our GrainCents risk management process towards flax prices.)
This month, GrainCents investigated topics such as:
- Our predictions for flax prices throughout the rest of 2018;
- Bullish indicators from flax producers in the Black Sea Region;
- Is this bullish factor the only hope left for 2018 grain prices?
With a trade war and tariffs creating volatile markets, it’s more important than ever to stay on top of the factors affecting flax prices. Capture market premiums with GrainCent’s sales recommendations and actionable cash grain marketing advice delivered directly to your inbox.
Especially worthwhile in your GrainCents subscription is the Flax Weekly Digest, which gets sent out every Sunday morning. In addition to recapping our cash grain sales position, this chart-fueled read provides an insightful recap of the previous week’s activity in flax markets. We also walk through, in detail, what we’re watching across the global market in the week(s) ahead that could influence flax prices.
Start making more sense of what’s affecting flax prices with a free three-week trial to GrainCents, our exclusive sales recommendation service that holds a 93% success rate on getting farmers the best price possible.